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December 21, 2022

IRS issues guidance regarding brokers' withholding on transfers of publicly traded partnership interests - regulations to follow

The IRS has issued additional guidance (Notice 2023-08) to help brokers comply with final regulations under IRC Section 1446(f) regarding withholding on the transfer of an interest in a publicly traded partnership. Proposed regulations will be issued to implement the guidance conveyed in this new notice.

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor